# SCHH ETF: fees, returns, drawdowns and holdings

> What SCHH holds, its 0.07% yearly fee, returns by year, its worst drop, and which Tactfolio strategies hold it. Updated daily.

Schwab U.S. REIT ETF (SCHH) is an exchange-traded fund (ETF) run by Schwab. This fund owns shares of about 120 US companies that own buildings and land and collect rent. It charges 0.07% a year. From January 2011 to October 2026 it returned about 6.6% a year, and its worst drop was −44.2%.

Written by [the Tactfolio research team](https://tactfolio.com/about/editorial-policy). Fund facts checked October 17, 2026. Prices through October 16, 2026.

## Key points

- Expense ratio: 0.07% a year (about $7 on $10,000).
- Started trading on January 13, 2011.
- Last close: $22.50 on October 16, 2026.
- Return over the last year: 8.3%.
- Worst drop since 2011: −44.2%.
- No Tactfolio classic strategies hold it.

## How has SCHH done since 2011?

From January 2011 to October 2026, SCHH returned about 6.6% a year. The S&P 500 returned about 14.0% a year over the same dates. Say you put in $10,000 at the start. It would have been worth about $27,335 at the end, with every dividend reinvested.

| Period | SCHH | S&P 500 (SPY) |
| --- | --- | --- |
| 1 month | −0.9% | 1.5% |
| 3 months | −7.8% | 1.9% |
| 6 months | −1.1% | 9.3% |
| Year to date | 9.9% | 12.8% |
| 1 year | 8.3% | 16.8% |
| 3 years, per year | 11.2% | 22.0% |
| 5 years, per year | 1.8% | 12.8% |
| 10 years, per year | 3.9% | 15.4% |
| Since 2011, per year | 6.6% | 14.0% |

Periods longer than a year show the return per year (CAGR). Prices through October 16, 2026. Figures use daily closing prices adjusted for splits, with dividends reinvested. They do not include taxes or the cost of buying and selling. Past results do not tell you what will happen next.

## SCHH returns by month and year

SCHH rose in 112 of its 190 months (59%). Its best month was October 2011, at 14.7%. Its worst was March 2020, at −22.4%.

| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Full year |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2026 (part) | 2.5% | 7.6% | −6.2% | 9.0% | 0.1% | 1.7% | 2.5% | −2.9% | −5.8% | 2.1% |  |  | 9.9% |
| 2025 | 0.8% | 4.0% | −2.1% | −2.2% | 1.2% | 0.1% | −1.1% | 3.3% | 0.5% | −2.2% | 2.3% | −2.1% | 2.2% |
| 2024 | −4.9% | 1.8% | 1.8% | −7.6% | 5.1% | 2.3% | 7.1% | 5.6% | 3.2% | −3.6% | 3.5% | −8.0% | 5.0% |
| 2023 | 9.8% | −5.8% | −1.7% | 0.2% | −4.1% | 5.2% | 1.9% | −3.4% | −7.0% | −3.0% | 11.6% | 9.0% | 11.2% |
| 2022 | −8.0% | −4.0% | 7.0% | −3.7% | −4.6% | −7.1% | 8.4% | −5.8% | −12.6% | 3.3% | 6.0% | −4.9% | −25.0% |
| 2021 | −0.2% | 2.8% | 5.5% | 8.0% | 0.9% | 2.7% | 4.3% | 2.2% | −5.9% | 7.1% | −1.0% | 9.6% | 41.1% |
| 2020 | 0.4% | −8.2% | −22.4% | 7.7% | −0.4% | 0.9% | 3.8% | 0.3% | −2.8% | −3.1% | 9.3% | 2.7% | −14.8% |
| 2019 | 11.3% | 1.1% | 2.9% | −0.2% | −0.4% | 1.4% | 1.6% | 2.3% | 2.8% | 1.1% | −1.5% | −0.9% | 22.9% |
| 2018 | −4.0% | −7.2% | 3.9% | 1.5% | 3.9% | 4.3% | 0.5% | 3.0% | −2.8% | −2.6% | 4.8% | −8.5% | −4.2% |
| 2017 | −0.9% | 3.4% | −2.8% | −0.3% | −0.6% | 2.5% | 0.9% | −0.8% | 0.3% | −1.1% | 3.1% | 0.1% | 3.7% |
| 2016 | −4.0% | −1.0% | 10.4% | −2.9% | 2.0% | 6.4% | 4.3% | −3.4% | −2.0% | −5.6% | −1.4% | 4.7% | 6.5% |
| 2015 | 6.7% | −3.3% | 1.4% | −5.7% | −0.1% | −4.4% | 6.0% | −5.9% | 3.3% | 5.9% | −0.6% | 2.2% | 4.4% |
| 2014 | 3.8% | 5.3% | 0.8% | 3.7% | 2.5% | 0.9% | 0.1% | 2.8% | −5.8% | 10.6% | 2.2% | 1.8% | 31.9% |
| 2013 | 3.4% | 0.9% | 2.6% | 6.8% | −5.9% | −1.7% | 0.7% | −7.1% | 3.5% | 4.1% | −5.4% | 0.4% | 1.2% |
| 2012 | 6.4% | −1.1% | 5.2% | 2.9% | −4.6% | 5.5% | 2.1% | −0.3% | −2.2% | −0.8% | −0.6% | 3.7% | 16.8% |
| 2011 (part) | 3.8% | 4.5% | −1.5% | 5.9% | 1.5% | −3.4% | 1.7% | −5.6% | −11.0% | 14.7% | −4.0% | 4.7% | 9.5% |

Each month runs from the last close of the month before. The first month counts from the first close.

## How risky is SCHH compared with the S&P 500?

Measured from October 2021 to October 2026, on the days both traded.

- **Beta 0.69.** When the S&P 500 moved 1% in a day, SCHH tended to move about 0.69%.
- **Correlation 0.63.** SCHH moved with the S&P 500 some of the time.
- **Up and down months.** In months the S&P 500 rose, SCHH rose 73% as much on average. In months it fell, SCHH fell 113% as much.

| Measure | SCHH | S&P 500 (SPY) |
| --- | --- | --- |
| Return per year | 1.7% | 12.8% |
| Volatility | 18.8% | 17.1% |
| Worst drop | −33.3% | −24.5% |
| Sharpe ratio | 0.19 | 0.79 |
| Sortino ratio | 0.26 | 1.15 |
| Calmar ratio | 0.05 | 0.52 |

Volatility is how much the price swings in a year. The Sharpe ratio is return per unit of volatility, the Sortino ratio counts only the falls, and the Calmar ratio is the return per year over the worst drop. Higher ratios mean more return for the risk taken.

## Is SCHH above its 200-day average?

SCHH closed 0.7% below its 200-day average on October 16, 2026. A rule that holds SCHH only above that average would be out of it today.

- Its 50-day average is 1.3% above its 200-day average.
- It closed 8.8% below its highest close of the last 52 weeks.

A moving average is the average close over the last so many days. Trend rules such as [the 10-month moving average strategy](https://tactfolio.com/strategies/faber-10-month-moving-average.md) hold a fund only while it is above one. You can [build that rule for SCHH](https://tactfolio.com/builder) and backtest it in a minute.

## What was SCHH's worst drop?

A drawdown is how far a fund falls from its last high point. SCHH's worst fall was −44.2%, from February 21, 2020 to March 23, 2020. It got back to that high on June 10, 2021. On October 16, 2026 it was 8.8% below its highest close.

| Drop | Started | Bottom | Back to the high | Fall took | Recovery took |
| --- | --- | --- | --- | --- | --- |
| −44.2% | Feb 21, 2020 | Mar 23, 2020 | Jun 10, 2021 | 31 days | 15 months |
| −33.3% | Dec 31, 2021 | Oct 25, 2023 | Apr 17, 2026 | 22 months | 2.5 years |
| −22.7% | Jul 22, 2011 | Oct 3, 2011 | Feb 1, 2012 | 2 months | 4 months |
| −18.0% | May 21, 2013 | Aug 19, 2013 | May 30, 2014 | 3 months | 9 months |
| −16.8% | Aug 1, 2016 | Feb 8, 2018 | Aug 17, 2018 | 18 months | 6 months |

Big drops are normal for some funds. They matter because selling during a drop locks in the loss.

## What does SCHH hold?

This fund owns shares of about 120 US companies that own buildings and land and collect rent. These companies are called REITs. All of them are in one industry, so the fund is less spread out than a broad stock fund.

It tracks the Dow Jones Equity All REIT Capped Index. It had 117 holdings as of February 28, 2026, according to Schwab.

| Fact | SCHH |
| --- | --- |
| Full name | Schwab U.S. REIT ETF |
| Issuer | Schwab |
| Expense ratio | 0.07% a year |
| Started trading | January 13, 2011 |
| Tracks | Dow Jones Equity All REIT Capped Index |
| Type | Real estate, ETF |
| Holdings | 117 holdings as of February 28, 2026 |
| Facts checked | October 17, 2026 on the [Schwab fund page](https://www.sec.gov/Archives/edgar/data/1454889/000088454626000300/c497k.htm) |

## What is the SCHH expense ratio?

SCHH charges 0.07% a year. An expense ratio is the yearly fee a fund takes to run itself. On $10,000, a 0.07% fee comes to about $7 a year. Of the 162 ETFs on Tactfolio, 69% charge more.

You never get a bill for it. The fund takes the fee out of its own value a little each day.

## Which Tactfolio strategies hold SCHH?

No classic strategy holds SCHH yet. You can add it to your own rules in the [builder](https://tactfolio.com/builder) and see how they would have done.

## How does SCHH compare with similar ETFs?

Funds that can stand in for SCHH:

- [XLRE](https://tactfolio.com/etf/XLRE.md): State Street Real Estate Select Sector SPDR ETF, 0.08% a year
- [VNQ](https://tactfolio.com/etf/VNQ.md): Vanguard Real Estate ETF, 0.13% a year
- [IYR](https://tactfolio.com/etf/IYR.md): iShares U.S. Real Estate ETF, 0.37% a year
- [RWO](https://tactfolio.com/etf/RWO.md): State Street SPDR Dow Jones Global Real Estate ETF, 0.5% a year

See [all 7 SCHH alternatives](https://tactfolio.com/alternatives/SCHH.md), compared on the same dates as SCHH.

## Test SCHH in your own rules

Tactfolio is a platform where you build rules-based investing strategies, backtest them on decades of real prices, share them, and run them automatically in your own Alpaca account. Open the [builder](https://tactfolio.com/builder), add SCHH, and see how a rule such as "hold it only above its 200-day average" would have done. Strategies run on daily prices and hold US stocks and ETFs only.

## The details

Prices come from Tactfolio's stored daily prices for SCHH and SPY. Each close is adjusted for splits, and dividends are reinvested on the day the fund pays them out. CAGR is the steady yearly return that turns the starting value into the ending value. Volatility is the yearly standard deviation of daily returns. Beta and correlation compare daily returns with the S&P 500 over the same dates.

Fund facts come from Schwab. We checked them on October 17, 2026. Read [what a backtest simulates](https://tactfolio.com/docs/backtests.md) and [how to read drawdown and CAGR](https://tactfolio.com/docs/concepts/reading-a-backtest.md) for more on these measures.

## Research and test it

- [Portfolio rebalancing](https://tactfolio.com/learn/portfolio-rebalancing): What portfolio rebalancing is, why a 60/40 mix drifts, calendar vs threshold methods, and how taxes and costs fit in.
- [What is an ETF](https://tactfolio.com/learn/what-is-an-etf): An ETF is a fund that trades like a stock. Learn how ETFs work, what they cost, the main types, and the risks, with SEC sources.
- [ETF screener](https://tactfolio.com/screener.md): A free ETF screener for 162 US-listed funds. Filter by type, issuer and fee, sort by returns or worst drop, and compare funds side by side.
- [ETF expense ratio](https://tactfolio.com/learn/etf-expense-ratio): What an ETF expense ratio is, how the fund charges it, and how 0.03% vs 1% adds up over 10 and 30 years, with real fund examples.
- [Backtest a portfolio](https://tactfolio.com/trading-tools/backtest-portfolio): Backtest a portfolio of US stocks and ETFs. Enter tickers and shares, pick when to rebalance, and get the results with a link to share.
- [Backtesting](https://tactfolio.com/backtesting): Free backtesting software for stocks, ETFs, and crypto perps.

## Common questions

### What is the expense ratio of SCHH?

SCHH charges 0.07% a year, according to Schwab as of October 17, 2026. That is about $7 a year for every $10,000 you hold.

### When did SCHH start trading?

SCHH started trading on January 13, 2011. It is run by Schwab.

### What does SCHH track?

SCHH tracks the Dow Jones Equity All REIT Capped Index. This fund owns shares of about 120 US companies that own buildings and land and collect rent.

### How much has SCHH returned per year?

From January 2011 to October 2026, SCHH returned about 6.6% a year with dividends reinvested. Its worst drop was −44.2%. Past returns do not tell you what it will do next.

### Is SCHH above its 200-day moving average?

On October 16, 2026, SCHH closed 0.7% below its 200-day moving average. This page updates after each US market close.

### Which strategies use SCHH?

None of Tactfolio's classic strategies hold SCHH yet. You can test it in your own rules in the builder.

## Sources

- [Schwab: Schwab U.S. REIT ETF fund page](https://www.sec.gov/Archives/edgar/data/1454889/000088454626000300/c497k.htm)

> Not financial advice. Tactfolio is a research and automation tool. It is not a broker or a financial adviser. This page is for education only. Backtests are hypothetical. They show how rules would have done on past prices, not how they will do. All investing involves risk, including losing the money you put in.